Political Quotes

“I include in the Record an article detailing how Ford is using a loophole in the IRA to partner with CATL, a major Chinese battery company, on a project intended to harvest EV battery tax credits. Chinese companies are lining up to cash in on Democrats' green corporate welfare that we are rescinding in this bill. [From Forbes, Feb. 13, 2023] Ford To Build $3.5 Billion Lithium Iron Phosphate Battery Plant in Michigan Using CATL Technology (By Sam Abuelsamid, Senior Contributor) Ford plans to build a $3.5 billion factory in Marshall, Michigan, which will produce 35 gigawatt-hours of lithium iron phosphate (LFP) cells annually for electric vehicles starting in 2026. The move comes after the automaker said it would use LFP batteries in the Mustang Mach-E from mid-2023 and F-150 Lightning from early 2024. However, those batteries will be sourced from CATL in China, the leading cell manufacturer in the world and one of the leaders in LFP production. Ford will license CATL technology but it will own the new factory and operate it, rather than creating a joint venture. While Ford will start using CATL LFP batteries later this year, shipping them from China won't help the company reach its sustainability goals. Batteries are heavy and bulky and the emissions associated with shipping them halfway around the world will significantly cut into the gains from eliminating the tailpipe from these vehicles. Those vehicles also will not qualify for any clean vehicle tax credits.…”